China Mobile looking to go international
China Mobile Ltd, the world’s biggest carrier, is seeking opportunities to take its fourth-generation telecommunication technology abroad to boost the company’s profit.
“The company has been lagging behind in developing overseas markets. We are looking to expand our 4G business outside China by means of investment and acquisitions,” China Mobile Chairman Xi Guohua told China Daily. He declined to identify any potential merger targets.
Last December, Beijing-based China Mobile became the first carrier to launch 4G Time Division-Long Term Evolution service in the country. China Mobile has about 200,000 4G TD-LTE base stations in China’s larger cities and economically developed regions in coastal provinces. The total number is on track to hit 500,000 by the end of this year.